12 Retech Corp (fka RETC)

[butterflies5]

Thanks for alerting this to me Smilin.

Well, u didn't alert it but I follow your trades

I know you dont subscribe to any social media networks (FB, TWITTER etc)but RETC was on a lot of pump lists over the past two months. I became aware of that today myself.

I also trade mostly alone without the assistance of any "gurus". Having not come across RETC until today, i wasnt aware of the promotional campaign that began on the shares back in June. From a chart perspective, that's when this chart actually begins so I'm just going to assume, not having done fundamentals on this one yet, that this must be a new ticker symbol on an already existing company?

So I'm assuming that the chart reset itself and began trading in the $1 per share area and over the course of 1+ months , the share price escalated all the way up into the $2.70 area. Doing a simple Twitter search I can see many popular names that waited to short sell this stock. They did an awesome job short selling it in the low $2 range and covered in the mid to low $1 range. Imagine if they just held onto their short all the way down to $0.04?

Now all of a sudden, the same individuals are discussing the potential for an enormous bounce on the shares. So that has me a little interested because there's strength in numbers. All it's going to take is for one of these gurus to announce going long RETC and, just from a simple chart perspective, this thing can recover a good portion of its losses. I'm talking 500%+ gains from here to start things off.

If you look at the chart, from where it began at $1 per share, this is the equivalent of an IPO that ran from $1 all the way to $2.70 per share. So here we are crashed all the way down to $0.04 a share - and huge volume/support enter here, causing the stock to stabilize and build support at $0.06 & $0.07

Short of this company not even being in existence, I'm hard-pressed to think that the share price will not recover big from present levels. The forces that brought this up, whether that be through manipulation or otherwise, must undoubtedly have to average down if they were truly long and those that were short the stock all the way down to the single penny digits, are probably itching to cover. But they need LARGE BLOCKS of sellers to do so. I think RETC is running out of sellers. They are exhausted. Sell inventory must be near non existant and mm's may have had to short sell shares to make a market. This is good for anyone long from the single digits.

Look at the RETC chart below. We are trading BELOW our lower Bollinger band. I couldn't get the MACD setting to load but RSI is also really oversold as well. Everything on this chart is screaming BOUNCE!